Singapore Airlines (SIA) confirmed Thursday it is in talks with Tata Group to explore a possible merger of Vistara Airline with Air India, a subsidiary of Tatas. The move is seen as part of Tata Group’s strategy to consolidate its aviation business under one roof. Singapore Airlines, the national airline of Singapore, owns a 49% stake in Tata SIA Airlines, which operates Vistara, while the Tata Group holds the remaining 51% stake in the airline.
“In line with its multi-hub strategy, SIA is currently in confidential discussions with Tatas to explore a potential transaction involving Vistara and Air India securities. The talks aim to deepen the existing partnership between SIA and Tatas and could include a potential integration of Vistara and Air India,” Singapore Airlines (SIA) said in a filing with the Singapore Stock Exchange.
According to the press release, talks are ongoing and no final terms have been agreed between the two parties. “There is no certainty or assurance that a definitive agreement will be formed or any potential transaction will be consummated or completed as a result of these discussions,” it said.
